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Nov 28, 2012
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john boehner thinks he has leverage with the debt ceiling. how do you evaluate these two pieces of leverage? >> lawrence, the point that is missing from a lot of these games of chicken and scenarios is that we had an election and it was pretty clear. the democrats won. obama is back in. and one of the clearest issues in that election was that taxes should be raised and raised on the rich. that gives the president even more leverage. i think the president has enormous leverage. if we do go over the cliff in terms of tacks? we go back to the clinton tax rates, which as i remember it, were not so onerous. they certainly were pretty good in terms of the economy. the economy did not suffer. the economy did much better under clinton than bush. i don't think at least on the tax side, going over the cliff is that big of a deal. it's not really a cliff at all as you suggested and if we get major cuts in the military and defense spending, i'm not sure that's a bad idea at all. >> now, joy reid, we all deal with being dumped in different ways. that is t
john boehner thinks he has leverage with the debt ceiling. how do you evaluate these two pieces of leverage? >> lawrence, the point that is missing from a lot of these games of chicken and scenarios is that we had an election and it was pretty clear. the democrats won. obama is back in. and one of the clearest issues in that election was that taxes should be raised and raised on the rich. that gives the president even more leverage. i think the president has enormous leverage. if we do go...
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Nov 28, 2012
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in front of john boehner's staff and so it is. getting naked is a tactic. a protest tactic and judging by the wide eyed tweets as it happened, today, nudity worked. see you again tomorrow night. now, it's time for "the last word" with lawrence o'donnell. >>> when kelly corey won the oscar for her first screen play 20 years ago, she had no idea that the heroes of her film, thelma and louise were going to become political role models. >> white house is continue to warn of dire consequences for the middle class. >> on friday, he'll return to the stumps. >> he's back on the campaign trail. >> the campaign style tour. >> trying to drum up public support for his budget priorities. >> seems like just another fight in washington. >> there are really two issues there. >> a revenue side, yes. >> where is that revenue going to come from? >> increasing tax rates is going to harm dmik growth. >> warren buffett was out this morning talking about tacking the wealthy. >> time to make the tax rates more progressive. >> that's just silly. >> grover
in front of john boehner's staff and so it is. getting naked is a tactic. a protest tactic and judging by the wide eyed tweets as it happened, today, nudity worked. see you again tomorrow night. now, it's time for "the last word" with lawrence o'donnell. >>> when kelly corey won the oscar for her first screen play 20 years ago, she had no idea that the heroes of her film, thelma and louise were going to become political role models. >> white house is continue to warn of...
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Nov 29, 2012
11/12
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boehner. the two agreed it was in foeryone's best interest to get a fiscal cliff deal sooner rather than later, both agreed to aim for one before christmas, but they also acknowledged, scott, it will be very difficult to achieve that. >> pelley: thank you, major. will the president's team find a receptive republican congress? nancy cordes is on capitol hill for us tonight. nancy. >> reporter: well, scott, one top republican aide actually told me today that he sees these talks as one-sided, that republicans have been making all the proposals, and speaker boehner said he's still waiting for a balanced offer from the white house. >> republicans are willing to att revenue on the table but it's time for the president and democrats to get serious about the spending problem that our country has. >> reporter: today on capitol hill, erskine bowles met with both sides. he's the co-chair of simpson- bowles commission that drew up a leading plan to cut the federal debt. >> i upon hopeful but i wouldn't pu
boehner. the two agreed it was in foeryone's best interest to get a fiscal cliff deal sooner rather than later, both agreed to aim for one before christmas, but they also acknowledged, scott, it will be very difficult to achieve that. >> pelley: thank you, major. will the president's team find a receptive republican congress? nancy cordes is on capitol hill for us tonight. nancy. >> reporter: well, scott, one top republican aide actually told me today that he sees these talks as...
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Nov 21, 2012
11/12
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john boehner says he wants to. there you have the titans of industry in new york with their rich, mahogany furniture all saying we need to solve this crisis. yet here we are a few weeks away and we're still both sides sticking to their negotiations. there hasn't been a lot on what specifically would you do. this is going to be tight. >> it's going to be tight and everybody should brace themselves before the fiscal cliff comes the fiscal roller coaster and it's going to look dark before either it's totally black as senator mccain likes to say or before it gets done. my bet actually is on getting things done, but i have to say what's depressing about listening to chairman bernanke is how many times we've heard those words before about the last fiscal crisis, whether it's debt ceiling or something else, it really is time for congress to show it can get something done. >> this seems to poll very well, this bipartisanship. you know it. how come there's such difficulty both sides really not willing to nudge off their sac
john boehner says he wants to. there you have the titans of industry in new york with their rich, mahogany furniture all saying we need to solve this crisis. yet here we are a few weeks away and we're still both sides sticking to their negotiations. there hasn't been a lot on what specifically would you do. this is going to be tight. >> it's going to be tight and everybody should brace themselves before the fiscal cliff comes the fiscal roller coaster and it's going to look dark before...
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Nov 28, 2012
11/12
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obviously, we are leaving it to speaker john boehner and the house. the republican negotiating position and the president representing the democrats in the house and the senate. to make the -- to present the -- their conclusions to the rest of us to evaluate and vote on. but it has to be voted on in the house of representatives. the republican house members need to support it for it to pass. in the senate, it is not just enough for 51 democratic senators to be supportive. the rules permit the minority to have some rights -- until the rules are changed. as a result, we do have a voice. it has to be something that is acceptable to the senate republicans, as well as house republicans. >> have you seen any indication that senator harry reid wants to cut -- any spending? >> no. >> none? >> you never get him to talk about reducing spenning by a dime. it's always about adding revenue. they are not even satisfied to have more money. they have to specify where it comes from. rich people have to pay it as a result of an increase in tax rate, otherwise, we don't
obviously, we are leaving it to speaker john boehner and the house. the republican negotiating position and the president representing the democrats in the house and the senate. to make the -- to present the -- their conclusions to the rest of us to evaluate and vote on. but it has to be voted on in the house of representatives. the republican house members need to support it for it to pass. in the senate, it is not just enough for 51 democratic senators to be supportive. the rules permit the...
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Nov 22, 2012
11/12
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and he gave his letter of resignation to john boehner yesterday. in that letter, though, for the first time -- this is what you were alluding to, carol, he did acknowledge he knows he is the subject of a federal investigation for possible misuse of campaign funds. and in that letter at one point he said talking about that, i'm doing my best to address the situation responsibly, cooperate with the investigators and accept responsiblity for my mistakes because they are my mistakes and mine alone. that last part is significant, because his wife, sandy jackson, here in the city of chicago, according to "the wall street journal," is also part of this federal investigation. so, very interesting that jesse jackson jr. in his resignation letter to john boehner mentioned that these problems are mine and mine alone. people in chicago are watching very closely, will sandy jackson, his wife, try to get his seat that is now, of course, open? we've not heard from jesse jackson jr. or jesse jackson sr. we have heard, though, from bobby rush, u.s. representative a
and he gave his letter of resignation to john boehner yesterday. in that letter, though, for the first time -- this is what you were alluding to, carol, he did acknowledge he knows he is the subject of a federal investigation for possible misuse of campaign funds. and in that letter at one point he said talking about that, i'm doing my best to address the situation responsibly, cooperate with the investigators and accept responsiblity for my mistakes because they are my mistakes and mine alone....
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Nov 29, 2012
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>> reporter: we heard from speaker john boehner who said that treasury secretary geithner did not come with a substantive plan in terms of spending cuts. we know the republicans were hoping when the treasury secretary came here to capitol hill, that he would have laid out some serious spending cuts because the republicans are saying if we're putting revenue on the table, we need to see some serious spending cuts from the white house. i think it's important to note the difference between what is said in public and what is said in private. these meetings are held in private. in public lawmakers are sounding a little tougher. here's the senate majority leader on the senate floor earlier today. >> for four months house republicans have refused to act. instead, they've held the middle class hostage to protect the richest 2% of taxpayers, people who enjoy a decade of ballooning income and shrinking tax bills. >> reporter: so that is the public sentiment from the senate majority leader, blasting the republicans for not passing the tax cuts for the middle class. in private, though, it sounds l
>> reporter: we heard from speaker john boehner who said that treasury secretary geithner did not come with a substantive plan in terms of spending cuts. we know the republicans were hoping when the treasury secretary came here to capitol hill, that he would have laid out some serious spending cuts because the republicans are saying if we're putting revenue on the table, we need to see some serious spending cuts from the white house. i think it's important to note the difference between...
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Nov 27, 2012
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boehner. >> and by the way, john boehner is talking about having to get the majority of a majority on tax issues. he's not going to get a majority of majority on debt raising. >> much harder on the debt ceiling than taxes. >> that's what i'm saying. i refuse to vote to raise a debt ceiling when they were trying to raise it to $5 trillion. it's something you don't do unless you get a lot of cuts on the other side. >> and it's not a game. because if you don't raise it, we saw what happened last time, you can get your debt downgraded and has real economic consequenc consequences. and that's why when people think about the fiscal cliff, we all assume that sane minds will prevail and they'll come up with some deal. there's no guarantee that sane minds will prevail. and recent history would suggest that sanity almost never prevails in washington. so you can assume it's going to be more difficult than we think. you can assume that the bush tax cuts might all go away for a short period of time. and you cannot assume they just raise the debt limit. you cannot make that assumption. >> are the p
boehner. >> and by the way, john boehner is talking about having to get the majority of a majority on tax issues. he's not going to get a majority of majority on debt raising. >> much harder on the debt ceiling than taxes. >> that's what i'm saying. i refuse to vote to raise a debt ceiling when they were trying to raise it to $5 trillion. it's something you don't do unless you get a lot of cuts on the other side. >> and it's not a game. because if you don't raise it, we...
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the voters threw him out of the white house. >> steve: but at this stage in the negotiations, john boehner made it clear. he will not raise the tax rates. he's looking at other way to raise revenue. we don't need to raise the rates close to 40 percent. >> they are saying that. they are disingenous. >> i respect in negotiation you take positions that you don't expect to end up with. lind an johnson said never watch them make sausage or legislation because give and take is unpleasant they talk about not raising rates and getting ritted of deductions. what ever takes more money from the hard working americans and gives it to the government and gives it to the consuming part of society. that doesn't cause prosperity. >> steve: last line of your column which is called republicans and taxes regarding bush 41. her bert walkerb bush would abide by his pledge today. just a guess. >> steve: i bet you are right. >> thank you guys. >> steve: check this out. a zebra chasing a horse in the streets of new york city. you don't see that every day. why are they going. and what do lottery winners doing with
the voters threw him out of the white house. >> steve: but at this stage in the negotiations, john boehner made it clear. he will not raise the tax rates. he's looking at other way to raise revenue. we don't need to raise the rates close to 40 percent. >> they are saying that. they are disingenous. >> i respect in negotiation you take positions that you don't expect to end up with. lind an johnson said never watch them make sausage or legislation because give and take is...
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Nov 27, 2012
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what we do know, though, is that president obama did reach out to house speaker john boehner. he is the republican, the senate majority leader harry reid the democrat over the weekend, perhaps to try to jump-start the talks. as of now, as the house of representatives comes back today, as the senate came back yesterday, we're still very much in limbo on the fiscal cliff. >> here's something else we know. some major republicans have come out and they say that they don't feel bound by the americans for tax reform pledge. most recently we saw house majority leader eric cantor. do you believe more republicans will stick by this? >> what we're finding out right now zoraida is that there's a little bit of coming to jesus moment about how to fix the fiscal cliff. for republicans perhaps it is going to be higher taxes. for democrats there's going to have to be some changes to entitlement reform. but grover norquist has been really the person pushing this no tax pledge, has been on our airwaves. he's been talking a lot about it. let's hear what he had to say about republicans who might
what we do know, though, is that president obama did reach out to house speaker john boehner. he is the republican, the senate majority leader harry reid the democrat over the weekend, perhaps to try to jump-start the talks. as of now, as the house of representatives comes back today, as the senate came back yesterday, we're still very much in limbo on the fiscal cliff. >> here's something else we know. some major republicans have come out and they say that they don't feel bound by the...
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Nov 26, 2012
11/12
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the consequences, speaker of the house john boehner and the president both know what happens in the future for them in what they're doing will be made much harder if they can't demonstrate they have the will now to at least get a framework deal together. that is just the way that that is. but the problem that they face is that very liberal democrats and very conservative republicans are going to look at them and say, if it is not a good enough deal we're willing to go off the cliff even if what that means most americans suffer a consequence, whether it is in the things that you described or in their 401(k)s as markets plunge. megyn: what happens to, what happens to the money that gets collected? looks like somebody will pay more in taxes whether it is the rich or rich first and then others, you know, once they start to tax one group historically others are not immune. >> well --. megyn: where does the money go? does it all go to the deficit, or to the debt? >> no. megyn: because we, a lot of americans think, all right, i want to help my fellow citizens and i don't like this national debt b
the consequences, speaker of the house john boehner and the president both know what happens in the future for them in what they're doing will be made much harder if they can't demonstrate they have the will now to at least get a framework deal together. that is just the way that that is. but the problem that they face is that very liberal democrats and very conservative republicans are going to look at them and say, if it is not a good enough deal we're willing to go off the cliff even if what...
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Nov 27, 2012
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here's john boehner's pledge, signed 20 years ago. if somebody signed this 10 years ago, 18 years ago, 20 years ago, are they still bound by it? >> when you got married, did you wife think there was an expiration date on that pledge? >> reporter: he says anybody is doomed. but with the fiscal cliff just months away, and a re-elected barack obama insisting that tax increases must be part of any budget deal, key republicans are now talking about ditching the pledge. >> i'm not obligated on the pledge. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> reporter: even republicans who say they are willing to violate the pledge say they will only do so by closing loopholes, not by doing what the president wants to do, which is raising tax rates. >> so, the sides, still far apart. meanwhile, we heard about susan rice, the ambassador going up to capitol hill today, to meet with many of her critics. and it does appear that some of the critics, at least senator john mcca
here's john boehner's pledge, signed 20 years ago. if somebody signed this 10 years ago, 18 years ago, 20 years ago, are they still bound by it? >> when you got married, did you wife think there was an expiration date on that pledge? >> reporter: he says anybody is doomed. but with the fiscal cliff just months away, and a re-elected barack obama insisting that tax increases must be part of any budget deal, key republicans are now talking about ditching the pledge. >> i'm not...
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Nov 27, 2012
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i want to congratulate speaker john boehner, who has done a phenomenal job of ensuring that we would continue business as usual. i want to congratulate minority leader posey forever that she has put in, getting us to the point we are today. i urge my colleagues to support this measure. with that, i yield back the balance of my time. >> the chair now recognizes members from the committee on ways and means, chairman mr. camp from michigan and ranking minority member mr. levin from michigan. the gentleman from michigan. >> i yield myself such time as i may consume. >> it is recognized. >> if the congress does not act and act now, america will default. that would wreak havoc on our economy and make it harder for americans to find and keep a job. edfault cannot be an option. i am pleased that the bill before us ensures that will not occur. just as it would threaten economic health, so would increase in taxes. raising taxes on families and job creators would hinder investment, increase the cost of doing business, and result in even less hiring and fewer jobs. that is the wrong direction wh
i want to congratulate speaker john boehner, who has done a phenomenal job of ensuring that we would continue business as usual. i want to congratulate minority leader posey forever that she has put in, getting us to the point we are today. i urge my colleagues to support this measure. with that, i yield back the balance of my time. >> the chair now recognizes members from the committee on ways and means, chairman mr. camp from michigan and ranking minority member mr. levin from michigan....
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Nov 21, 2012
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is john boehner smiling or frowning today? we'll have a lot of volatility for the next two or three months because i do think it's going to be two or three months. i think this is going to go into january. i think close to a 50% chance we'll go over the fiscal cliff temporarily. the market won't react well to that so it's going to be very, very bumpy couple of months here. >> that said, seasonally, i was told not too long ago, the period between thanksgiving week and december 3rd, the past 20 years has been positive for stocks for 17 of those 20 years. is there going to be any kind of hope for a santa claus rally here, michael? >> i think there is. that's simply because pessimism has reached a level of extreme that historically has led to higher markets over the next three months 81% of the time. the average market gain when pessimism has gotten to this low a level has been about 7%. i think when you look at the basic, you know -- we have three rules to guide our tactical trading. don't fid the fed. obviously on our side. don'
is john boehner smiling or frowning today? we'll have a lot of volatility for the next two or three months because i do think it's going to be two or three months. i think this is going to go into january. i think close to a 50% chance we'll go over the fiscal cliff temporarily. the market won't react well to that so it's going to be very, very bumpy couple of months here. >> that said, seasonally, i was told not too long ago, the period between thanksgiving week and december 3rd, the...
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that's house speaker john boehner's office. they were demanding on a serious front demanding funding to fight aids. >> oh, my goodness. >> seven of them will be joining us, fully clothed i'm hoping, to talk about what sparked their protest, what they're hoping to gain, plus she sold 100 million records in a decade. a career that spanned five decades, dionne warwick is our guest. going to talk about her new album, my father is in love with dionne warwick so he'll be all excited about that. much more coming up this morning on "starting point." >> did you invite your father in? >> he can watch it on tv. of course. >> we'll be getting up -- >> oh, my gosh, soledad. thanks. >> you bet. >> black ice and snow causing some trouble after yesterday's storm in the northeast. now, new storm's rolling into the northwest this morning. alexandra steele with the extreme weather center where -- putting the extreme in extreme weather. >> it looked pretty yesterday for a minute. >> oh, i bet. six inches in portions of new jersey. so we've got two
that's house speaker john boehner's office. they were demanding on a serious front demanding funding to fight aids. >> oh, my goodness. >> seven of them will be joining us, fully clothed i'm hoping, to talk about what sparked their protest, what they're hoping to gain, plus she sold 100 million records in a decade. a career that spanned five decades, dionne warwick is our guest. going to talk about her new album, my father is in love with dionne warwick so he'll be all excited about...
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Nov 28, 2012
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and i wonder if all this campaigning is going to make it more difficult for the president and john boehner to bring their wings of the parties back in for any sort of a deal. because it seems like both sides are getting their back up at this point. >> well, i don't think it's making it more difficult, becky. i think what happens is at the beginning of a negotiation, everybody is sort of staking out their positions and their demands. you know, the demand by democrats, for example, that social security and medicare not be part of this discussion, that's not a sustainable demand. everybody knows that entitlement programs, the president has said so, have to be part of this. now, exactly what proportion and when they're part of it, those are things that you can talk about, but, no, they are part of this deal. so are tax increases, and, you know, republicans taking out the position that, well, we can't touch tax rates, we can touch tax loopholes, everybody's got to wait and see how the math adds up. this is an extremely complicated and difficult thing. >> i don't think -- i don't think it's well
and i wonder if all this campaigning is going to make it more difficult for the president and john boehner to bring their wings of the parties back in for any sort of a deal. because it seems like both sides are getting their back up at this point. >> well, i don't think it's making it more difficult, becky. i think what happens is at the beginning of a negotiation, everybody is sort of staking out their positions and their demands. you know, the demand by democrats, for example, that...
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Nov 27, 2012
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. >> house republican speaker john boehner says the gop is looking for a deal that cuts spending and closes tax loopholes and some deductions rather than raising tax rates. back to you guys in new york. >> steve: all right. north lawn of the white house, thank you. >> gretchen: see how we all got the blue memo? we all look so nice together. she had on a blue scarf. >> brian: the question is, what is laura ingraham wearing. >> steve: i know one way to find out. >> gretchen: oh, yellow. hail to sweden. >> steve: how are you? >> hey, guys. nice to see you. >> steve: what did you make of this, the white house is saying unless the republicans roll over and do everything that the white house wants with this fiscal cliff at the conclusion of the year, you mean old republicans will ruin christmas economically for the country? >> yeah. it's the gop who stole christmas. who is going to be narrating this? who will play the dog with the fake antlers? it seems we've seen this special before. the sky is always falling when president obama wants to cram down legislation or initiatives without real
. >> house republican speaker john boehner says the gop is looking for a deal that cuts spending and closes tax loopholes and some deductions rather than raising tax rates. back to you guys in new york. >> steve: all right. north lawn of the white house, thank you. >> gretchen: see how we all got the blue memo? we all look so nice together. she had on a blue scarf. >> brian: the question is, what is laura ingraham wearing. >> steve: i know one way to find out....
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Nov 27, 2012
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here's john boehner's pledge signed 20 years ago. >> reporter: if somebody signed this, 10, 18, 20 years ago are they still bound by it? >> now when you got married, did your wife understand there was an expiration date on the promise? when you borrowed money for your house, did they extend -- oh, geez, that mortgage? that was ten years ago. you're still asking me for money? if you make a commitment, you make a commitment. >> reporter: the pledge is the biggest obstacle to any deal that would raise taxes. with a budget crisis on the horizon and re-elected president insisting on tax increases, some republicans are thinking the unthinkable. ditching the pledge. >> i will violate the pledge, long story short, for the good of the country. >> i am not obligated on the pledge. >> the world has changed and the economic situation is different. >> reporter: and while virtually every republican in the past signed it, nearly a third of the newly elected house republicans refused to sign it this time. republicans ditching the pledge could be a big step toward a deal with the president. and on monday
here's john boehner's pledge signed 20 years ago. >> reporter: if somebody signed this, 10, 18, 20 years ago are they still bound by it? >> now when you got married, did your wife understand there was an expiration date on the promise? when you borrowed money for your house, did they extend -- oh, geez, that mortgage? that was ten years ago. you're still asking me for money? if you make a commitment, you make a commitment. >> reporter: the pledge is the biggest obstacle to any...
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Nov 26, 2012
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well, john boehner went to the white house ten days ago and said, hey, republicans in the house are willing to 0 put revenues on the table. that was a big move, right? and we said we are going to do that in the name of trying to fix the problem to respond to the electorate that re-elected this president, but at the same time we say we weren't elected to raise taxes. we want to help people get back it to work. >> so is it safe to say there might be a scenario in which that pledge would not apply or would be put to the side for compromise? >> you know, mika, i haven't talked to grover norquist so i don't know what he wants to do with his pledge. what i know is the constituents that i represent and i believe most american people want to see, number one, more jobs created. and let me tell you a story that i think is relevant to this question. i was in montana during the campaign and i met a gentleman who had taken a job as a cook at an airport restaurant. and he told me, please fix this problem because i want to get back to my profession which was construction in the real estate industry. he sa
well, john boehner went to the white house ten days ago and said, hey, republicans in the house are willing to 0 put revenues on the table. that was a big move, right? and we said we are going to do that in the name of trying to fix the problem to respond to the electorate that re-elected this president, but at the same time we say we weren't elected to raise taxes. we want to help people get back it to work. >> so is it safe to say there might be a scenario in which that pledge would not...